Topeka Capital Downgrades Regal Entertainment (RGC) to Hold

Topeka Capital downgraded Regal Entertainment (NYSE: RGC) from Buy to Hold with a price target of $24 (unchanged).

Analyst David W. Miller said, "We are downgrading shares of RGC from 'Buy' to 'Hold' because the stock has essentially performed in line with the requirements for our 'Buy' rating - up 20.0% since upgrading this name back on May 15, and closing yesterday only 6.2% shy of our price target of $24. The performance easily eclipses that of the S&P 500, which is up +7.7% in that span of time. Our price target remains unchanged at $24.00."

For an analyst ratings summary and ratings history on Regal Entertainment click here. For more ratings news on Regal Entertainment click here.

Shares of Regal Entertainment closed at $22.60 yesterday.

You May Also Be Interested In

• UBS Downgrades DiaSorin SpA (DIA:IM) (DSRLF) to Sell
• ICICI Securities Downgrades Astra Microwave Products (ASTM:IN) to Hold (3)
• Rapid7 (RPD) PT Raised to $14 at Canaccord